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TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2.6 million and there are 142,000 shares outstanding. If the benchmark price–sales ratio is 6.2, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
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